CHILDREN'S FUND OF CONNECTICUT INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JEFFREY J VANDERPLOEG

Phone

8606791533

Tax Period

2020-10-01 to 2021-03-31

CHILDREN'S FUND OF CONNECTICUT INC, founded in 1992, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2020. Revenue surged 843% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.1M, a strong 91% operating margin.

Mission

THE CHILDREN'S FUND OF CONNECTICUT, A PUBLIC CHARITABLE FOUNDATION, PRIOR TO ITS DISSOLUTION, WAS DEDICATED TO ENSURING THAT CHILDREN IN CONNECTICUT HAVE A STRONG START IN LIFE WITH ONGOING SUPPORT TO PROMOTE THEIR OPTIMAL HEALTH AND WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $835,318

THE CHILDREN'S FUND, PRIOR TO ITS DISSOLUTION, CHAMPIONED SUSTAINABLE IMPROVEMENTS IN CHILDREN'S HEALTH AND MENTAL HEALTH THROUGH INNOVATIVE GRANT MAKING. WE GAVE GRANTS TO 2 ORGANIZATIONS THAT USED THE FUNDS TO ADVANCE INNOVATIONS IN CHILDREN'S HEALTH AND MENTAL HEALTH CARE AND TO PROMOTE PROFESSIONAL DEVELOPMENT AND BEST PRACTICES RELATED TO THE HEALTH AND MENTAL HEALTH OF CHILDREN. OUR ULTIMATE GOAL WAS FOR ALL CHILDREN IN CONNECTICUT TO HAVE ACCESS TO AND BENEFIT FROM A COMPREHENSIVE, EFFECTIVE, COMMUNITY-BASED HEALTH AND MENTAL HEALTH CARE SYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $0

Investment Income $11,133,055

Other Revenue $92

TOTAL REVENUE $11,133,647

Expense Breakdown

Grants Paid $828,908

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $835,318

Other Expenses $225,017

TOTAL EXPENSES $1,053,925

Year-over-Year Comparison

	2020	2019	Change
Revenue	$11,133,647	$1,180,959	+8.4%
Expenses	$1,053,925	$1,563,981	-0.3%
Net Income	$10,079,722	$-383,022	-27.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,321,295

Total Directors

$5,422,053

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SHMERLING	BOARD MEMBER/CCMC PRESIDENT	0.50	Director	$0	$232,987	$1,715,164
GIL PERI	CHAIR/CCMC PRESIDENT & COO	0.50	Officer Director	$0	$47,633	$943,626
GLENN FOCHT	BOARD MEMBER/CCMC PRESIDENT	0.50	Director	$0	$15,007	$710,135
MOSES VARGAS	SECRETARY/CCMC VP & GEN'L COUNSEL	0.50	Officer Director	$0	$87,431	$543,656
JEFFREY J VANDERPLOEG	PRESIDENT	0.50	Officer Director	$0	$45,269	$307,877
ALYSSA BENNETT	BOARD MEMBER/CCMC DIV HEAD	0.50	Director	$0	$47,256	$272,465
CYNTHIA FITZGERALD	BOARD MEMBER	0.50	Director	$0	$6,904	$277,448
AIMEE MONROY SMITH	BOARD MEMBER	0.50	Director	$0	$59,047	$340,198
MARGARET GREY	1ST VICE CHAIR	0.50	Officer Director	$0	$0	$0
BRIDGETT FEAGIN	TREASURER	0.50	Officer Director	$0	$65,970	$311,484
ANDY AGWUNOBI	BOARD MEMBER	0.50	Director	$0	$0	$0
JEN CARROLL	BOARD MEMBER	0.50	Director	$0	$0	$0
GALO RODRIGUEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLENE RUSSELL-TUCKER	BOARD MEMBER UNTIL 12/2020	0.50	Director	$0	$0	$0
KEN SPIEGELMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DOROTHY LEVINE	BOARD MEMBER AS OF 12/2020	0.50	Director	$0	$0	$0
WIZDOM POWELL	BOARD MEMBER AS OF 12/2020	0.50	Director	$0	$0	$0
PAUL SUTER	VP FOR FINANCE & OPERATIONS	8.00	Officer	$0	$44,994	$214,652

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$11,133,647	$1,053,925	No data	$10,079,722
2020	$1,180,959	$1,563,981	$35,603,588	$-383,022
2019	$1,239,998	$1,545,008	$34,767,742	$-305,010
2018	$1,383,606	$1,444,868	$35,667,831	$-61,262